Oct 22, 2012 7:00pm EDT
journal columnist simon constable. >> something has vanished from mainstreet. its trust in wall street. as a result small investors are dumping stocks. in fact, even as the stock market has soared close to record highs, mutual and exchange-traded fund investors, a rough proxy for retail stock buyers, have dumped $138 billion in shares, that's billion with a "b", according to data from the investment company institute. some people will tell you that's because small investors are too emotional and so they make terrible decisions. they were burned by the credit crunch and the popping of the tech bubble and are now are gun shy. in short, the message is, they are stupid because they've missed the recent rally, but maybe they aren't. maybe they are justly shy of shenanigans on wall street. new research shows that one in five chief financial officers of public companies admit to cooking the books. the study comes from professors at emory and duke universities. in a survey they found that about 20% of c.f.o.s used accounting tricks that didn't reflect the companies underlying operations
Oct 9, 2012 6:00pm EDT
. for more on this i'm joined by reuters mexico city bureau chief simon gardner. simon, how high up the hierarchy chain is heriberto lazcano >> right up at the top. he is the leader of the glet as. he has been locked in a bitter battle with the second, if you like, in command of the zetas. much of the bloodshed we've been seeing in mexico in recent months have been due to that feud >> suarez: since the president of mexico in effect declared war on the drug cartels have they ever caught as big a fish as this one? >> he's the biggest fish they've caught so far. i mean this is a coups for called reason. calderon's drug strategy which was to go after the heads of the different drug cartels was criticized by some for having created fragmentation and a deep deepening of violence. yet he is to a certain extent been vindicated today. he said so himself on television. this afternoon. so, you know, for calderon's strategy, which actually hurt his party in recent presidential election and helped boost his opponent or the opponent of his party, he is now, you know, reaping the benefits of this.